Access, UBA, GTB, Other Banks, Traders Sell Dollar at New Exchange Rate As Naira Falls Again [Video]

• The Nigerian currency has dropped in value against the United States Dollar in the forex markets
• The latest data shows that it fell by 0.1% in the official market, but a heavy fall was recorded in the unofficial markets
• Nigerian banks, as well as traders in the black market, have all adjusted their rates to align with the currency exchange rate

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Nigerian naira has recorded another poor performance against the US dollar in the official and unofficial markets.

In the official market, data from FMDQ securities showed that the naira weakened in the Nigerian Autonomous Foreign Exchange Market (NAFEM) to N1,309.88/$1 on Thursday, April 25, 2024.

It is also the fifth straight trading session in which the value …